Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price (Rate) Standard Unit Cost Quantity Direct materials (clay) Direct labor 1.6 lbs. $ 1.70 per lb. 1.6 hrs. $ 12 per hr. $ 2.72 19.20 Variable manufacturing overhead (based on direct labor hours) 1.6 hrs. $ 1.1 per hr. 1.76 Fixed manufacturing overhead ($253,000 115,000 units) 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 120,000 208,200 $ 333,120 165,000 $2,343,000 $ 230,000 $ 285,000 Required: 1 & 2. Calculate the fixed overhead spending variance and volume variance for Barley Hopp. 3. Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Calculate the fixed overhead spending variance and volume variance for Barley Hopp. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 1. Fixed Overhead Spending Variance 2. Fixed Overhead Volume Variance Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) Fixed overhead